In a market dominated by lofty ideas and little in the way of concrete development, it’s easy to overlook the more grounded projects, those that are actively working towards and already providing real-world solutions. However, there are a number of projects that are actively providing a product to consumers every day. Here are five that deserve some attention:
LBRY Credits (LBC)
LBC powers a decentralized media platform branded as a YouTube-killer. Using this platform, content creators and viewers are connected on an interface that allows content to be shared for free or for a price determined by the creator. Viewers can also tip the creators of the content they view. YouTube has been known to block access to certain users or withhold monetization privileges from some content creators. With LBC, media can be spread and purchased without a central regulatory body.
WaBi serves consumers as a method of verifying the authenticity of products. WaBi uses radio-frequency identification to tell consumers if a particular product is authentic or counterfeit. Currently, WABI technology is being applied to baby formula products sold at a number of Chinese retailers. Customers who verify products by scanning an RFID chip are rewarded with the WABI token, which provides for “mining” as well as a loyalty program for consumers.
Counterfeit goods are a major issue plaguing China and the global economy as a whole. A number of babies have died in China after consuming counterfeit formula. WABI protects consumers from the dangers of counterfeit goods. As the system grows, there are plans to expand the system to a number of other markets, including pharmaceuticals, alcohol, and cosmetics.
LomoCoin is the social currency used in the LomoStar social media application. The LomoStar app is organized into sections that feature a number of uses. Currently, there is a Twitter-like feed where users can post comments, private and group chat messaging features, a map where users can place and collect envelopes containing LMC, BTC, LTC, BCH, ETH, or CFUN globally or locally, and an account tab where users can manage their profiles, followers, and referrals. As development continues, more functions and games are planned for the application.
Binance Coin (BNB)
Binance Coin is very straightforward: holders of this coin receive a number of privileges on the Binance exchange. BNB can be used to pay trading fees, and electing to use BNB results in a 50% lower fee. Beyond this, holding BNB allows users to vote on coins to be implemented on the exchange. Lastly, BNB can be traded with any currency on Binance, and unlike other pairs, can be used to trade fractions of coins, which gives users the ability to sweep their dust.
Binance is quickly emerging as the top exchange due to its secure platform, intuitive interface, and professional approach. As the exchange offers support for more and more coins, it is establishing itself as a one-stop destination for everything an altcoin trader needs.
GameCredits and its sister currency, MobileGO (MGO), seek to provide a universal gaming currency equipped with all functionalities a gamer would want. While many of its features are still in development, including e-sports wagering and one-click integration for game developers, two of its major functionalities are public and being used by consumers every day: a desktop client and the G Store.
The desktop client features a GameCredits/MobileGO wallet, a GPU miner, and a PC game store. From here, gamers can use GAME to purchase a number of PC games at a discount. They can also mine GameCredits with their GPU to earn more coins to spend. The G Store is a mobile app store that boasts fees that are three times as low, and payments that are over 20 times quicker for game developers than either Apple’s App Store or the Google Play Store. There are a number of games currently being sold on the G Store, including handheld classics such as Cut the Rope. The most exciting game on the store currently is Pixel Wars, an in-house mobile MMORPG that is planned as the project’s flagship title as it attempts to penetrate the e-sports industry.